INVENTORY MANAGEMENT STRATEGY EVALUATION SYSTEM AND METHOD

A system and method for evaluating an inventory management strategy combines multiple management strategies in a single inventory management system. The system analyzes the inventory portfolio on an item-by-item basis to assign the most suitable management strategy for that item. The inventory management system provides a high level of flexibility for the users to define input parameters to ensure a desired level of customer satisfaction. Additionally, it determines whether the inventory items are forecastable before predicting future demands.